Four Corners Property Trust (NYSE:FCPT) issued its quarterly earnings results on Monday. The financial services provider reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27, MarketWatch Earnings reports. The company had revenue of $36.12 million during the quarter, compared to analyst estimates of $36.38 million. Four Corners Property Trust had a net margin of 59.38% and a return on equity of 14.59%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS.
FCPT stock opened at $26.48 on Tuesday. Four Corners Property Trust has a 52-week low of $21.28 and a 52-week high of $27.48. The company has a current ratio of 6.59, a quick ratio of 6.59 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.64 billion, a PE ratio of 19.47 and a beta of 0.05.
The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.15%. Four Corners Property Trust’s dividend payout ratio is currently 80.88%.
Four Corners Property Trust Company Profile
FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease for use in the restaurant and related food services industry.
Further Reading: Earnings Per Share
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